The State Hermitage presented the NFT project

A project using non-replaceable tokens (NFT) from the State Hermitage Museum and Interros Group was presented at the Northern Museums Festival in Dudinka. As part of the initiative, they have created digital assets on the frescoes of Raphael’s workshop and his pupils. 

They have created digital assets on the frescoes of Raphael’s workshop and his pupils.

The proceeds from the project will go towards the restoration of Hermitage exhibits. Source: newslab.ru
How digitalization helps in preserving cultural heritage

According to experts participating in the festival, 3D scanning and artificial intelligence open up more opportunities for restorers. Traditional methods are insufficient in today’s world.

In addition, the use of new technologies in the museum field also attracts people of the younger generation to the industry, experts say.

In May of this year, the organization expanded the functionality of its Sotheby’s Metaverse NFT marketplace by adding a peer-to-peer (p2p) transfer option.

Russia may see the emergence of art digital financial assets (DFAs)

In early October, the editorial board wrote that the Moscow Exchange was considering issuing digital financial assets (DFAs) for works of art. Experts have stated that this market segment could become very much in demand in the future.

Atomize CEO Ekaterina Frolovicheva believes that such assets can be a great tool for managing cultural heritage.

Atomize’s CEO Ekaterina Frolovicheva believes that such assets can be a great tool for managing cultural heritage.

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